Teachers Retirement System of The State of Kentucky Purchases 18,800 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Teachers Retirement System of The State of Kentucky boosted its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,430,800 shares of the oil and gas exploration company’s stock after buying an additional 18,800 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $20,732,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PBR. EverSource Wealth Advisors LLC increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 460.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock worth $27,000 after purchasing an additional 1,468 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter valued at approximately $32,000. Nisa Investment Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the second quarter worth approximately $35,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the second quarter valued at approximately $45,000.

Petróleo Brasileiro S.A. – Petrobras Trading Up 2.6 %

PBR stock opened at $14.79 on Wednesday. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.90 and a 1-year high of $17.91. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $14.65 and its 200-day moving average is $15.09. The firm has a market cap of $96.46 billion, a P/E ratio of 4.30, a P/E/G ratio of 0.21 and a beta of 1.40.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $23.47 billion for the quarter, compared to analyst estimates of $24.22 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 16.17% and a return on equity of 28.42%. Equities analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 2.65 earnings per share for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently announced a Variable dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, August 23rd will be issued a $0.165 dividend. This is an increase from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. This represents a dividend yield of 15.4%. The ex-dividend date of this dividend is Friday, August 23rd. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is presently 25.00%.

Analyst Upgrades and Downgrades

PBR has been the topic of a number of research reports. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $20.00 in a research report on Monday, August 26th. The Goldman Sachs Group cut their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating for the company in a research report on Tuesday, August 13th. UBS Group decreased their target price on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research report on Monday, August 19th. Bank of America raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and upped their price target for the company from $16.80 to $17.90 in a report on Thursday, June 27th. Finally, JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $16.50 to $19.00 in a report on Wednesday, September 25th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.20.

Petróleo Brasileiro S.A. – Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.